• Denison Mines posted a net loss of CAD 114.88 million, widening from CAD 43.53 million a year earlier, while revenue slipped to CAD 1.11 million from CAD 1.38 million.
• Finance expense surged to CAD 103.13 million from finance income of CAD 175,000, driven by a CAD 108.44 million fair value loss on embedded derivatives in Convertible Notes, partly offset by a CAD 13.22 million gain on Capped Call options.
• Cash and cash equivalents fell to CAD 418.49 million at March 31, 2026 from CAD 465.92 million at year-end, while investments in physical uranium rose to CAD 198.6 million from CAD 190.28 million.
• Phoenix ISR mine moved into construction phase after Canadian Nuclear Safety Commission approval and final investment decision in February; first production targeted for mid-2028, with updated post-FID initial capital estimate of about CAD 600 million.
• Uranium contracting expanded, with 1,350,000 pounds of U3O8 committed for delivery from Q2 2026 to Q2 2027; 950,000 pounds priced for gross proceeds of USD 87.5 million, with total contracted and advanced negotiations covering about 16 million pounds.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Denison Mines Corp. published the original content used to generate this news brief on May 13, 2026, and is solely responsible for the information contained therein.